VIENTIANE (Laotian Times): The Lao government has issued the first-ever Thai Baht bond in the Lao domestic market, as a Thai credit agency downgraded the country’s credit rating to BB+.
The Thai Rating and Information Services (TRIS), Thailand’s first credit rating agency, demoted the sovereign rating of Laos from BBB- to BB+ in September, a move which is expected to cause much of the demand from Thai investors to trickle out.
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